Higher Crude Oil Spread Betting Prices Send Exxon Profits Soaring
The Spread Betting Markets - Last Week:
Despite serious delays, European leaders finally voted to extend the EFSF to €1trn, and markets responded very positively.
Greek debt holders will have to take a 50% haircut, but this was taken as a positive since many had expected up to 60%.
The delays only served to widen the [...]
Shares Spread Betting: Barclays Surges 15% on EU Debt Crisis Summit Outcome
European stock markets rallied strongly on Thursday, turbocharged by an early morning agreement between European leaders and private bondholders on a raft of measures designed to help contain the spread of sovereign debt effects throughout the Eurozone.
The FTSE 100 rallied over 2.5% on the day, whilst the DAX and CAC both saw stronger gains of [...]
Spread Betting Market Rally Curbed on News of Deadlock in Greek Debt Haircut Talks
European spread betting markets have been rather choppy today after initially gaining on positive news that a 50% Greek haircut had been all but agreed and the German Bundestag ratified the leveraging of the EFSF.
These gains were rather short-lived after news broke that the Greek PSI haircut talks were, in fact deadlocked, while news that [...]
Indices Spread Betting Markets Break Key Resistance Levels and Take Positive Turn
After experiencing choppy price action last week but breaking above key resistance levels indices spread betting markets have taken a positive turn.
Currently the indices have managed to sustain bullish momentum and appear to be set to challenge key upper price bands. However, the concern is that several technical indicators have not supported the recent [...]
BP Spread Betting Market Higher on Gulf Spill Settlement Deal
The Spread Betting Markets - Last Week:
Blue chip quarterly earnings dominated the news last week, and while the majority of those reporting beat expectations, an element of doubt remains in indices spread betting investors’ minds, especially towards banks.
Out of the retail banks, Bank of America was the biggest surprise, reporting an EPS of [...]
Dow Targets Key Resistance Level as Europe Leads Spread Betting Markets Higher
The start of the week has seen a positive tone for the spread betting markets. After facing a wall of resistance for several weeks we have now seen a break above key price levels.
This suggests that the stock indices are likely to head higher towards the second level of resistance which will prove if [...]
Indices Spread Betting Markets Rise on Optimism over Resolution of EU Crisis
The Spread Betting Markets - Last Week:
Equity markets made steady gains last week despite the economic headwinds mainly driven by growing optimism that the EU will deliver a concrete and comprehensive plan to finally resolve the intensifying debt crisis.
US corporate earnings reported for the 3rd quarter have provided mixed results thus far with [...]
Spread Betting Markets Fall on Profit Taking as IMF Downgrades Asian Growth Forecasts
Spread betting markets have slipped back from their recent highs as investor’s book profits from the gains of recent days.
The downgrade of growth forecasts for Asian economies by the IMF has also prompted some profit taking as has the lower than expected Chinese trade surplus for September, which suggests that the Chinese economy may [...]
Market Rally Continues as Barclays Leads Index Spreads Higher
European markets have continued their recent gains despite residual concerns over the Slovak vote and the uncertainty over the situation in Europe.
EU Commission President Barroso’s speech on bank recapitalisations didn’t really contain anything earth shatteringly revolutionary, but markets seem to be buying into the optimism and pushing to their highest levels since early August.
Markets [...]
FTSE Spreads Climb Towards Key Resistance Level but Market Still Bearish
Strong momentum lifted stock indices in last week’s trading session but does this suggest further bullishness?
Given that we are still stuck within a trading channel what is apparent is that volatility continues to trip both the bulls and the bears.
It would be premature to say at this stage that there is no potential [...]